The NGC Population for this coin is a remarkable 168! The Royal Canadian Mint has struck some wonderful coins over the years, but for some reason the Maple Leaf bullion strikes have never graded well compared to other bullion coins of the world, including American Silver Eagles.
I think in the last 3 or 4 years it has something to do with the security pattern struck into the coin to prevent counterfeiting. Compare this to the number of MS69's graded by NGC for 2023 which is 2,250 and you'll see a very small number actually made the cut!
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